The European Commission has approved a €193 million Lithuanian scheme to support offshore wind farms to foster the transition towards a net-zero economy, in line with the Green Deal Industrial Plan.
Renewable energy projects with a total capacity of 10,509 MW could be commissioned in the next period.
The Minister of Energy, Sebastian Burduja, announced that Romania has an ambitious investment plan until 2030, mainly 7 GW of energy from renewable sources.
The value of the green technology market was $1.5 trillion in 2020 and is expected to reach over $9.5 trillion by 2030, according to a report by UNCTAD - the United Nations Trade and Development Agency. UNCTAD's Technology and Innovation Report 2023 warns that economic inequalities risk widening as developed countries reap the most benefits from green technologies such as artificial intelligence, the Internet of Things (IoT), and electric vehicles.
In 2021, the source that contributed the most to the EU's primary energy production was renewable energy, respectively 41% of the total energy production in the European Union. In the case of Romania, the main sources of energy in 2021 were natural gas (32.3%), renewable energy (26.7%), solid fuels (14.5%), crude oil (14.1%), and nuclear energy (12.5%).
G7 ministers finish two days of meetings on Japan's climate, energy, and environmental policy. The G7 countries set the urgent need to reduce global GHG emissions by around 43 percent by 2030. The members pledged to increase offshore wind capacity by 150 GW by 2030 collectively and solar capacity to more than 1TW.
Wind and solar energy reached a record high of 12% of global electricity generation in 2022. All renewable energy sources, including nuclear power, comprised 39% of global electricity last year. Meanwhile, EU countries are lagging behind with wind power expansion.
Investments in renewable energy technologies reached a record of $1.3 trillion last year, according to the International Renewable Energy Agency. The world needs around $35 trillion for transition technology by 2030, says IRENA. Renewable energy deployment must grow from around 3,000 GW annually today to over 10,000 GW in 2030.
Global renewable energy capacity amounts to 3,372 gigawatts (GW) at the end of last year, some 295 GW or 9.6% higher than the previous year. The International Renewable Energy Agency (Irena) expects an increase in the number of employees in the renewable energy sector up to a total of 38.2 million in 2030, as investments in energy efficiency, electric vehicles, or hydrogen will increase.
In the Republic of Moldova, the installed capacities for the production of electricity through power plants that capitalize on renewable energy sources (photovoltaic, wind, hydroelectric, and biogas cogeneration power plants) have increased three times since 2018. At the end of 2022, the power the total installed capacity was 206.81 MW, compared to 61.6 MW at the end of 2018, according to the Agency for Energy Efficiency of the Republic of Moldova.
The energy group Premier Energy has bought new projects in Romania with a capacity of approximately 41 megawatts, for which it paid €13 million.
Serbian conglomerate MK Group and Slovenian investment fund Alfi Green Energy are investing €155 million in the Krivaca wind farm, in eastern Serbia.
The energy transition is a central priority for ENGIE, both worldwide and in Romania.
HORNBACH Romania, a key player in the local DIY retail market, will launch reusable plant trays across all nine of its stores in the country with the start of the spring season.
Holcim has inaugurated a new solar park adjacent to its cement plant in Királyegyháza, Hungary, marking a significant advancement in the company's sustainability initiatives.
ENGIE Romania has completed the acquisition of a 54 MW wind power project located in Mereni, Constanța County.
ENEVO Group has announced the successful completion and commissioning of its photovoltaic park in Teiuș.
